Ask Question
27 March, 02:45

Qualified business income includes the reasonable compensation paid to the taxpayer by a qualified trade or business and guaranteed payments made to a partner for services rendered

+1
Answers (1)
  1. 27 March, 04:18
    0
    False

    Explanation:

    Qualified business income (QBI) = ordinary income - ordinary deductions a taxpayer earns from a qualified trade or business.

    A qualified trade or business includes a sole proprietorship, a partnership or an S corporation.

    A Taxpayer can deduct up to 20% of their QBI (Section 199A)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Qualified business income includes the reasonable compensation paid to the taxpayer by a qualified trade or business and guaranteed ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers